• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

City of Monticello Iowa

Live, Work, Play

  • Home
  • About
  • Bill Pay
  • Contact Us
  • Departments
  • Services
You are here: Home / Resolutions / Resolution 10-52

Resolutions · September 15, 2010

Resolution 10-52

RESOLUTION #10-52 Motion Died

Approving Agreement Re: City of Monticello and Monticello Development Corporation Ownership of 414 and 416 E. Oak Street.

WHEREAS, The City of Monticello and the Monticello Development Corporation jointly purchased two residential properties located within the City Limits of the City of Monticello, at 414 and 416 East Oak, respectively, and

WHEREAS, The parties agreed, as set out in the records of the City, by way of minutes and Resolutions, that the Development Corp. would in essence carry all risk and expense related to the management of the properties and in return be entitled to any and all profits to be derived from the management thereof, and

WHEREAS, The City Auditor has recommended that the City and the Development Corporation memorialize the agreement of the parties in a stand alone Agreement, and same has been prepared and approved by the Development Corporation for consideration and approval by the City Council, and

WHEREAS, The City Council has reviewed the proposed agreement and finds that is accurately sets out the agreement of the City and the Development Corporation and should, therefore, be approved.

NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve the agreement between the City of Monticello and the Monticello Development Corporation with regard to their shared ownership of the properties located at 414 and 416 E. Oak Street, Monticello, Iowa, and hereby authorizes the Mayor to execute the same on behalf of the City Council.

Filed Under: Resolutions

Previous Post: « Resolution 10-51
Next Post: Resolution 10-53 »

Primary Sidebar

Recent News:

June 15th, 2025 Council Meeting

Council Minutes – June 2, 2025

Council Agenda & Packet – 6/16/2025

June 2nd, 2025 Council Meeting

Council Agenda & Packet – 6/2/2025

Quick Links:

  • Contact Us
  • City Departments
  • Council Minutes
  • Council Agendas
  • Council Videos
  • Resolutions
  • Online Bill Pay
  • News
  • City Code of Ordinances

Safety Information:

Police Department:
319-465-3526

Jones County Sheriff’s Office:
319-462-4371

Footer

Contact Us:

Office: 319-465-3577

Monday-Friday, 8am to 5pm
200 East First Street, Monticello

Find us on Facebook!

Links:

Monticello Community Schools
Sacred Heart School
Kirkwood Community College
Ross and Elizabeth Baty Public Library
The Great Jones County Fair
Jones County Tourism
Jones County Economic Development

Copyright © 2025 · City of Monticello Iowa · Login · Powered by ITS

Copyright © 2025 · Showcase Pro on Genesis Framework · WordPress · Log in